Common use of PDA Funding Sources Clause in Contracts

PDA Funding Sources. i. For purposes of this provision the term “benefits dollars” shall include all unspent or unused money allocated to the eligible employee. ii. Beginning with the 2001 school year, all money received from the insurance carrier’s performance guarantee payments and any additional money received from the insurance carrier in the form of a rebate or refund will be placed into the PDA. iii. Beginning with the 2006 - 2007 school year, any benefits dollars unused or unspent shall be placed into the PDA.

Appears in 8 contracts

Samples: Transportation Employee Agreement, Negotiated Agreement, Negotiated Agreement

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